Himanshu Deora contributed valuable insights to an article published on Deccan Herald regarding the importance of bilateral trade deals in facilitating international recognition for Indian patents. He highlighted significant developments within the Indian patent ecosystem, including the increase in the number of examiners hired by the patent office in recent years and the 15% rise in allocation for the intellectual property sector in the Union Budget last year, amounting to Rs 328.981 crore.
However, he cautioned that the emphasis on expediting the processing of patent applications could potentially compromise the quality of patent grants. He noted that the hiring of examiners may not be proportional to the influx of new filings, posing a risk to the overall quality of patents granted.
Himanshu’s insights underscore the delicate balance between efficiency and quality in the Indian patent system, emphasizing the need for strategic reforms to ensure both timely processing and robust protection of intellectual property rights.
Link to article: https://www.deccanherald.com/business/bilateral-trade-deals-should-facilitate-international-cognisance-for-indian-patents-experts-2950805
